Call for Papers SETI 2022

SETI 2022 Call for Papers Annual Workshop of the Sustainable Energy Transitions Initiative (SETI)

June 23 - 24, 2022, 2-day virtual meeting + Uganda as part of the 2022 EfD Annual Meeting(1 day between September 22-26, 2022) Hosted by NENRE-EfD Chile at the University of Concepción and Duke…

Date: Tuesday 31 May 2022
Location: Virtual + Uganda

Resource Rents, Genuine Savings and Sustainable Development: Revisiting the Evidence

Submitted by Petra Hansson on

Economic theory on sustainable development suggests that resource-rich countries should reinvest the rents from natural resource extraction in other forms of capital to ensure that future consumption level of the economy can be greater than or at least equal to the level of their current consumption. Several seminal papers in the early 2000s indicated that the correlation between genuine savings and future consumption was weaker than theory predicted, at least when genuine savings were measured using the World Bank estimates.